1. Malaysia Stocks

  2. •

    Process industries

  3. •

    Containers/Packaging
Thong Guan Industries Bhd.

Thong Guan Industries Bhd.

MMYX:TGUAN
1.43
MYR
+0.01
(+0.70%)
5.17P/E
Dec 01Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
3.42
3.52
3.38
3.46
3.26
3.16
2.73
2.55
3.19
3.59
3.16
3.2
3
3.26
Basic EPS, GAAP
0.13
0.08
0.18
0.26
0.16
0.16
0.18
0.2
0.24
0.26
0.18
0.17
0.16
0.28
Free Cash Flow per Basic Share
0.02
-0.29
0.27
0.24
-0.05
-0.08
0.06
0.19
-0.03
-0.1
0.24
0.07
0.28
0.44
Dividend per Share
0.03
0.06
0.02
0.07
0.03
0.04
0.04
0.07
0.04
0.06
0.05
0.06
0.05
0.05
Book Value per Share
1.07
1.63
1.85
1.82
1.72
1.82
1.56
1.7
1.91
2.1
2.34
2.38
2.35
2.55
Tangible Book Value per Share
1.03
1.57
1.79
1.76
1.67
1.76
1.56
1.7
1.91
2.1
2.34
2.38
2.35
2.55
Basic Weighted Avg Shares
210
210
210
215
255
273
344
376
380
386
393
400
400
395
Sales/Revenue/Turnover
720
740
711
743
831
862
939
961
1,215
1,387
1,241
1,281
1,201
1,287
Operating Margin (%)
4.45
2.61
5.96
9.13
5.99
5.85
7.74
10.13
10.18
9.18
8.73
6.55
7.08
10.98
Depreciation Expense
17
18
20
17
18
21
25
28
31
31
36
38
38
39
Net Income, GAAP
28
17
39
56
42
44
62
75
93
100
71
67
63
110
Effective Tax Rate (%)
9.41
2.24
8.04
15.73
15.74
16.09
15.32
19.67
21.73
18.3
21.23
23.26
19.97
21.57
Profit Margin (%)
3.91
2.36
5.42
7.52
5.04
5.07
6.59
7.84
7.64
7.21
5.75
5.24
5.26
8.55
Working Capital
183
233
268
303
293
324
382
420
461
485
519
541
522
605
LT Debt
7
21
17
11
17
39
50
59
67
47
58
24
15
32
Total Equity
293
347
396
438
476
505
595
668
762
850
954
986
957
1,026
Return on Invested Capital (%)
8.91
4.8
8.73
12.1
8
7.14
8.97
10.02
10.93
10.24
7.62
5.47
5.81
9.05
Return on Capital (%)
8.72
4.49
8.65
11.76
8.15
7.89
9.28
9.31
10.09
10.11
7.02
6.38
6.13
9.54
Return on Common Equity (%)
10.22
5.54
10.53
13.63
9.35
9.09
11.55
12.33
13.47
12.86
8.17
7.14
6.7
11.2

Capital Structure

MYR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
166
171
186
LT Borrowings
12
18
30
LT Finance Leases
3
4
3
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
395
391
390
Market Capitalization
463
501
562

Working Capital

MYR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
953
884
995
Cash, Cash Equivalents & STI
339
333
439
Accounts Receivable, Net
216
264
309
Inventories
373
281
244
Total Current Liabilities
431
334
391
Payables & Accruals
- -
- -
- -
ST Debt
166
171
186
Deferred Revenue
- -
- -
- -

Growth Rates

MYR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
9.36%
7.65%
-2.96%
Free Cash Flow
6.62%
16.54%
316.43%
Net Income, GAAP
7.81%
-1.9%
-6%
Sales/Revenue/Turnover
5.84%
5.42%
-6.28%
Total Cash Common Dividend
35.2%
-2.79%
-17.96%

Quarterly Revenue

MYR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
345
303
329
305
1,281
2025
319
297
297
287
1,201
2026
317
385
- -
- -
- -

Quarterly Earnings Per Share

MYR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.06
0.05
0.04
0.03
0.17
2025
0.04
0.04
0.03
0.04
0.16
2026
0.05
0.15
- -
- -
- -

Quarterly Dividends Per Share

MYR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
0.03
- -
0.06
2025
- -
- -
- -
- -
0.05
2026
0.02
0.03
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Poon Chuan Ang
Full Time Employees
2,464
Sector
Process industries
Industry
Containers/Packaging
Address
Jalan PKNK 1/6 Sungai Petani KE Malaysia 08000
IPO Date
Nov 7, 1997
Website
thongguan.com
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Business
Thong Guan Industries Berhad, founded in 1942 and headquartered in Sungai Petani, Kedah, Malaysia, manufactures and trades plastic packaging products, including stretch films, flexible packaging, food wraps, additives, garbage bags, industrial bags, PVC cling wraps, shrink films, carry bags, courier bags, aprons, and biohazard bags; it also engages in food, beverage, and other consumable products manufacturing. The company operates primarily through its plastic products segment, which generates the majority of revenue, alongside a food and beverages segment, serving industries such as food and beverage, industrial and packaging, transport and logistics, waste and energy, retail and ecommerce, consumer packaging, hygiene and medical; its geographic footprint spans Malaysia, with manufacturing facilities in Sabah, China, and Thailand, and exports to Oceania, Europe, North America, and other Asian countries. Listed on the Main Board of Bursa Malaysia since 1997 under ticker 7034.KL, it maintains investment holding activities and trading of plastic and petroleum products. In June 2025, Thong Guan terminated a proposed disposal of its subsidiary Syarikat Thong Guan Trading Sdn. Bhd. to Foremost Equals Sdn. Bhd. for MYR 60 million due to disagreements on purchase consideration, opting to retain operations in the food and beverage segment and refunding a MYR 6 million deposit; the company recently commissioned a new stretch hood production line to boost efficiency in shrink film output, ramps up industrial bag production amid rising orders for packaging of bread, oil, flour, and sugar, and pursues global expansion of its proprietary nano stretch film technology, achieving double-digit growth in the US market while promoting shrink films locally for bundling items like mineral water bottles; additionally, it entered a joint venture with Perbadanan Kemajuan Negeri Kedah for property development and announced a share buyback program in November 2025.